Note 19 Provisions

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MTG B 2/7/2012 5:29 PM

360 SEK -4.6 SEK

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MTG

Modern Times Group MTG AB Box 2094 SE-103 13 Stockholm Sweden Visiting: Skeppsbron 18 Tel: +46 8 562 000 50

Group (SEK million)	Royalties and other provisions	Pension provisions	Total
Opening balance, 1 January 2008	219	13	233
Provisions during the year	130		130
Utilised during the year	-133		-133
Reversed during the year	-29		-29
Translation differences	9	-1	8
Closing balance, 31 December 2009	197	12	209

Provisions during the year	174		174
Utilised during the year	-84		-84
Reversed during the year	-60		-60
Translation differences	-2	2	-1
Closing balance, 31 December 2009	224	14	238

Included in non-current liabilities 31 December 2008	197	12	209

Included in non-current liabilities 31 December 2009	224	14	238

Various MTG companies are involved in disputes with collecting societies over payment of royalties for the past use of copyrights and similar rights. Further, MTG companies are parties to non-material litigations. The Company does not believe that liabilities related to these matters are likely to have a material adverse effect on the financial position of the Group.
The entire pension costs are recognised in operating income. The Group's defined-benefit pension plans for employees upon retirement exist in Norway and in one Swedish company. The Swedish plans are multi-employer defined benefit plans. The Group reports these pension costs in the same way as defined contribution plans.
Parent company
The provisions in the Parent company comprise accrued social expenses on share-based payments of SEK 6 (8) million.